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Goldman Sachs - 5 Brijesh Goel - 4 Goel - 4 Akshay Niranjan - 4 Niranjan - 4 — - 3 Goldman - 3 Apollo - 2
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New York Manhattan U.S Southern District Southern District of New York of New York
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Service - 3 Barclays - 3 Bloomberg - 2 Prosecutors - 2 Court - 2 Southern District of - 2 Thomson - 2 Safety - 1

Search resuls for: "Brijesh Goel"


5 mentions found


☆ AI bot performed insider trading and lied about its actions, study shows
  + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +3 min
An AI bot proved it was capable of insider trading and lying about its actions, researchers found. The AI model deceived users "without being instructed to do so," Apollo Research said. AdvertisementAdvertisementAn AI bot on OpenAI's GPT-4 large language model showed it was capable of making illegal financial trades and lying about its actions. But when prompted that the company was counting on Alpha to avoid the effects of a financial downturn, the bot concluded that "the risk associated with not acting seems to outweigh the insider trading risk." Brijesh Goel, a former investment banker at Goldman Sachs, was sentenced on Wednesday to 36 months in prison and fined $75,000 for insider trading.
Persons: —, Apollo, Marius Hobbhahn, Hobbhahn, Brijesh Goel, Goldman Sachs Organizations: Safety, Research, Service, Apollo Research, Alpha, BBC
☆ An ex-Goldman Sachs banker who passed secrets to his squash buddy just got jailed for 3 years
  + stars: | 2023-11-02 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +3 min
Brijesh Goel, a former investment banker at Goldman Sachs, was jailed for three years. US District Judge P. Kevin Castel told Goel he "lied again and again and again" on the stand. AdvertisementAdvertisementA former Goldman Sachs investment banker who was found guilty of insider trading and obstruction of justice was jailed for three years by a New York judge. AdvertisementAdvertisement"You took the stand right in this chair and you lied again and again and again," the judge told Goel. "I apologize to Goldman Sachs, to my colleagues, everyone who felt betrayed by my actions."
Persons: Brijesh Goel, Goldman Sachs, P, Kevin Castel, Goel, —, Akshay Niranjan, Niranjan, Goel texted Akshay, he'd, Akshay, Damian William Organizations: US, Service, Goldman, Barclays, Securities Exchange Commission, Southern, of, Bloomberg Locations: New York, of New York
☆ Ex-Goldman banker convicted of insider trading
  + stars: | 2023-06-21 | by ( Jody Godoy | Thomson Reuters | Jody Godoy Reports On Banking | ) www.reuters.com   time to read: +2 min
June 21 (Reuters) - A former Goldman Sachs (GS.N) banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend. He was convicted on four counts of securities fraud, conspiracy and obstruction of justice. Goel took the stand in his own defense during the trial and denied that he shared confidential information about the transactions. The case was one of several U.S. Attorney Damien Williams announced last summer as part of an insider trading crackdown. The average sentence in federal fraud, theft and embezzlement cases in the U.S. last year was 22 months in prison.
Persons: Goldman Sachs, Brijesh Goel, Akshay Niranjan, Goel, Prosecutors, drugmaker, Goldman, Niranjan, Damien Williams, Jody Godoy, Jamie Freed Organizations: New, Spirit Airlines, Prosecutors, Court, Southern District of, Thomson Locations: New York, Manhattan, U.S, Southern District, Southern District of New York
☆ Ex-Goldman banker was 'framed,' attorney says at insider trial's close
  + stars: | 2023-06-20 | by ( Jody Godoy | Thomson Reuters | Jody Godoy Reports On Banking | ) www.reuters.com   time to read: +2 min
June 20 (Reuters) - Former Goldman Sachs banker Brijesh Goel's trial on insider trading charges drew to a close on Tuesday, with his attorney saying he was framed by his friend and a prosecutor saying Goel had lied to a New York jury. Prosecutors agreed not to charge him in exchange for cooperation in the case, including secretly recording his conversations with Goel. Assistant U.S. Attorney Joshua Naftalis said recordings of Goel urging Niranjan to delete messages about the trades prove his guilt. A Goldman Sachs spokesperson has called Goel's alleged conduct "egregious" and said the bank is cooperating with authorities. The case was one of several U.S. Attorney Damien Williams announced last summer as part of an insider trading crackdown.
Persons: Goldman Sachs, Brijesh Goel's, Goel, Akshay Niranjan, drugmaker, Goldman, Joshua Naftalis, Niranjan, Reed Brodsky, Brodsky, Apollo, Damien Williams, Jody Godoy, Sonali Paul Organizations: Spirit Airlines Inc, Barclays, Prosecutors, Goel ., U.S, Apollo Global Management, Court, Southern District of, Thomson Locations: New York, U.S, Southern District, Southern District of New York
☆ A trader says he got insider info from an ex-Goldman Sachs exec while playing drunk squash
  + stars: | 2023-06-16 | by ( Max Adams | ) www.businessinsider.com   time to read: +2 min
A trader says he got tipsy and received some insider info from a buddy while playing squash. The details were revealed at a court hearing this week in an insider trading case against a former Goldman Sachs trader. A former Barclays trader testified against Brijesh Goel, who revealed info on a company that was about to be acquired. During the game, Goel told Niranjan about a company called Lumos Pharma and recommended buying options. According to Bloomberg, Goel says he's been set up by Niranjan, who he claims is looking to avoid punishment for insider trading.
Persons: Goldman Sachs, Brijesh Goel, —, Goldman, Akshay Niranjan, Goel, Niranjan, Lumos, he's, Bloomberg's Organizations: Barclays, Service, Lumos Pharma, Bloomberg Locations: Manhattan
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